In game theory and economic theory, a zero-sum game is a game in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants. In other words, if there are two participants in the game, and one gains utility, the other loses utility by an equal amount. If there are more than two participants, then the net changes in utility for the participants will always sum to zero.
A zero-sum game may have as few as two players, or many thousands of players. The players may be individuals, corporations, countries, military factions, or political parties. The gains and losses may be in the form of money, goods, services, or any other type of assets.
The term "zero-sum game" is often used to describe situations in which one person's gain is equivalent to another person's loss, such as in a market transaction in which one person buys a good and another person sells it. In reality, most market transactions are not zero-sum games because both parties can gain from the transaction, as when one person buys a good that they value more than the price they paid and the other person sells the good for more than the cost of the good to them. What is an example of a non-zero-sum game? An example of a non-zero-sum game would be two people playing a game of chess. In this game, each player has their own pieces and goals, and while one player may win the game, the other player does not necessarily lose.
Why is chess a zero-sum game?
In chess, each player has a set number of pieces with which to try and capture the other player's king. The game can end in a draw, but usually one player will eventually win by either capturing the other player's king, or trapping it so that it cannot make any more moves.
This means that for every chess game that is played, there is a winner and a loser. The winner gets the satisfaction of winning, while the loser gets the frustration of losing. This makes chess a zero-sum game. Is Bitcoin a zero-sum game? Bitcoin is not a zero-sum game. There can be multiple winners in the Bitcoin ecosystem, and each can benefit from the success of the others. The key is to create a system in which all participants can benefit from the network effect of Bitcoin.
Is capitalism a zero-sum game?
No, capitalism is not a zero-sum game.
In a zero-sum game, there is a fixed amount of resources, so for one person to gain, another person must lose. But in capitalism, businesses can create new products and services, so there is always the potential for growth.
There are many examples of businesses that have created new products or services and grown their businesses as a result. For instance, Apple has created new products like the iPhone and iPad, which have helped them to become one of the most successful companies in the world.
So, while there is competition in capitalism, it is not a zero-sum game, because businesses can always create new products and services to compete with other businesses.
What is a zero-sum game example?
A zero-sum game is a game in which the sum of the payoffs for all players is always zero. An example of a zero-sum game is a game of poker in which the total amount of money won by the players is always the same as the total amount of money lost by the players.